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[ C ] a legal arrangement where somebody or Group controls residence and/or cash for another person or organization:

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A trust can be utilized to ascertain how an individual’s cash ought to be managed and distributed when that man or woman is alive or following Loss of life. A trust assists an estate stay clear of taxes and probate. It may secure assets from creditors and dictate the phrases of inheritance for beneficiaries.

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A trust is likewise a 1trustbet group of people or organizations that controls home or cash for its possess benefit, or the assets or revenue controlled by the team:

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All e-Trust blind trust Mind trust fixed trust trust deed trust fund unit trust See all meanings Idioms and phrases trust a person (to complete something)! idiom

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A trust, occasionally termed a trust fund or trust account, is usually a legal arrangement to guarantee an individual’s belongings check out certain beneficiaries. The trust creator puts belongings inside the trust account and authorizes a trustee to administer People belongings to the trust creator or beneficiaries.

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A trust is usually employed to carry assets so that they're Risk-free from creditors or Other individuals that might Have got a assert on them following the grantor's death. In addition, trusts will often be accustomed to maintain belongings Protected from family members who could if not market or spend them.

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